Axa raised its holdings in NiSource Inc. (NYSE:NI) by 43.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 495,100 shares of the utilities provider’s stock after purchasing an additional 149,300 shares during the quarter. Axa owned approximately 0.15% of NiSource worth $12,669,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Alliancebernstein L.P. grew its stake in shares of NiSource by 32.8% during the second quarter. Alliancebernstein L.P. now owns 10,831,595 shares of the utilities provider’s stock worth $274,689,000 after purchasing an additional 2,675,042 shares during the period. Lord Abbett & CO. LLC acquired a new position in NiSource in the second quarter valued at about $63,874,000. Ameriprise Financial Inc. grew its stake in NiSource by 349.2% in the second quarter. Ameriprise Financial Inc. now owns 1,981,096 shares of the utilities provider’s stock valued at $50,247,000 after acquiring an additional 1,540,050 shares during the period. Neuberger Berman Group LLC grew its stake in NiSource by 59.8% in the second quarter. Neuberger Berman Group LLC now owns 3,707,119 shares of the utilities provider’s stock valued at $94,013,000 after acquiring an additional 1,387,190 shares during the period. Finally, Schroder Investment Management Group acquired a new position in NiSource in the second quarter valued at about $35,129,000. Hedge funds and other institutional investors own 82.19% of the company’s stock.

Shares of NiSource Inc. (NYSE NI) opened at $24.96 on Thursday. NiSource Inc. has a twelve month low of $21.65 and a twelve month high of $27.76. The stock has a market capitalization of $8,520.88, a PE ratio of 22.00, a P/E/G ratio of 3.59 and a beta of 0.36. The company has a current ratio of 0.52, a quick ratio of 0.32 and a debt-to-equity ratio of 1.72.

NiSource (NYSE:NI) last released its earnings results on Wednesday, November 1st. The utilities provider reported $0.07 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.07. The business had revenue of $917.00 million for the quarter, compared to analyst estimates of $901.00 million. NiSource had a return on equity of 8.97% and a net margin of 5.61%. During the same quarter in the prior year, the company posted $0.06 earnings per share. analysts expect that NiSource Inc. will post 1.2 EPS for the current fiscal year.

A number of research firms have issued reports on NI. Jefferies Group reissued a “hold” rating and issued a $26.00 target price on shares of NiSource in a research note on Wednesday. Zacks Investment Research raised NiSource from a “hold” rating to a “buy” rating and set a $29.00 target price for the company in a research note on Monday, October 2nd. KeyCorp reissued a “buy” rating and issued a $29.50 target price on shares of NiSource in a research note on Friday, September 1st. Citigroup boosted their target price on NiSource from $28.00 to $31.00 and gave the company a “buy” rating in a research note on Monday, November 20th. Finally, Credit Suisse Group boosted their price target on NiSource from $29.00 to $30.00 and gave the company an “outperform” rating in a report on Thursday, November 2nd. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $27.95.

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NiSource Company Profile

NiSource Inc is an energy holding company. The Company is engaged in the distribution of natural gas. The Company operates through two business segments: Gas Distribution Operations and Electric Operations. The Company’s Gas Distribution Operations segment provides natural gas service and transportation for residential, commercial and industrial customers in Ohio, Pennsylvania, Virginia, Kentucky, Maryland, Indiana and Massachusetts.

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Institutional Ownership by Quarter for NiSource (NYSE:NI)

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